Itron Inc (ITRI) Stock AnalysisITRIItron Inc

Itron, Inc. provides energy, water, smart city, Industrial Internet of Things (IIoT) and intelligent infrastructure services. The Company's Device Solutions segment primarily includes hardware products used for measurement, control, or sensing that can have communications capability embedded for use with its broader Itron systems, which is hardware-based products. Its Networked Solutions segment primarily includes a combination of communicating devices (smart meters, modules, endpoints, and sensors), network infrastructure, network design services, and associated head-end management and application software designed and sold as a complete solution for acquiring and transporting application-specific data. Its Outcomes segment includes its value-added, enhanced software and services, in which it enables grid edge intelligence and manage, organize, analyze, and interpret raw, anonymized data using artificial intelligence, machine learning, statistical modeling, and other analytics. It operates in the Technology sector (INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & EL industry).

Itron Inc is currently a hold. The stock is priced at $83.04, which is significantly below the average analyst price target of $138.75, indicating potential upside. However, the RSI is at 28.012, suggesting the stock is oversold, and the recent performance shows a 1-year decline of 38.04%. The primary risk is the ongoing decline in revenue, with a Q2 revenue of $563 million representing a 7% year-over-year decrease, which could impact future earnings.

9 analysts cover ITRI: 5 rate it Buy, 4 Hold and 0 Sell. The average price target is 134.50.